12 tech trends to watch in 2023

Gartner says global spending on information technology will increase by nearly 5% next year to 4.6 as businesses accelerate the pace of digital transformation to offset the impact of the pandemic and economic uncertainty. Estimated to be trillions of dollars.

The market turmoil caused by COVID-19 and the widespread adoption of hybrid work models has accelerated this process.

Gartner Research Vice President and Distinguished Analyst John-David Lovelock said:

With increasing digital transformation budgets and the emergence of the latest innovations, The National Here are the 12 top tech trends for the year ahead.

Digital payments will become the new normal

Globally, the Covid-19 pandemic has boosted the adoption of digital payments, especially contactless payments, as the awareness of the spread of infection through banknotes and plastic money has increased.

In 2023, consumer banking will be all about digital interactions for the first time, but security must be at the foundation of this digital experience, says Minnesota-based provider of software and hardware used for issuance said Anudeep Parhar, Chief Operating Officer of Digital at Entrust. financial card.

“Consumers will demand flexible, convenient and secure payment methods, and security will continue to increase.”

Rise of the Metaverse

The Metaverse, a virtual space where users are represented by digital avatars, is poised to reshape workplaces and businesses in 2023 and beyond.

According to research by Chalhoub Group, the value of the Metaverse industry is projected to reach nearly $13 trillion by 2030, with fashion and luxury retail equivalent to $50 billion.

The sector is currently valued between $40 billion and $65 billion.

digital identity

More users will own and manage tamper-proof credentials for applications such as personal health, education, and voting records in encrypted digital wallets on their personal devices.

In its Tech Trends 2023 report, Deloitte says they will use blockchain to create identities, leading to more secure transactions between sellers and buyers.

Companies can also validate or issue digital certificates, IDs, and licenses. For example, his BMW, a carmaker, has partnered with the German government on a blockchain-based driver’s license aimed at preventing identity fraud and reducing friction in transactions.

Virtual workspaces are becoming popular

Virtual workspaces increase a company’s ability to hire and bring employees together regardless of their geographic location.

For remote-first or hybrid organizations, virtual workspaces could replace the office and ultimately become central to the digital employee experience next year.

Gartner predicts that by 2027, full virtual workspaces will account for approximately 30% of growth in enterprise investment in metaverse technology.

Surge in automation spending

In 2023, industry experts expect automation spending to skyrocket as businesses look to do more with less.

“Everyone wants to automate the work they do, but we are in an economic climate where companies must prioritize cost efficiency. It’s about driving growth and creating ways to do more with less,” said Brent Hayward, CEO of California-based software company MuleSoft.

autonomic computing

As businesses continue to transform, traditional programming and simple automation simply cannot scale.

Autonomic computing enables machines to self-manage physical or software systems while learning from changes in their environment.

Unlike automated or autonomous systems, autonomic computing can change algorithms without external software updates, allowing computers to adapt to new conditions in the field as quickly as humans do.

Responsible AI

In 2023, industry experts expect a surge in the use of artificial technology by both individuals and organizations to achieve unethical and socially destructive ends.

Industry, governments, academia and NGOs will start working together to come up with a framework for managing AI in an ethical and responsible manner and mitigating potential harm, tech company Cisco predicts .

“This framework is based on principles such as transparency, fairness, accountability, privacy, security, and trustworthiness, and is ultimately applied to the creation of models and the selection of training data that define the principles of AI systems. will be

IoT to make supply chains resilient

By 2023, companies will increasingly use the Internet of Things (IoT) to gain full visibility into their supply chains.

IoT and other technologies will not only play a major role in bringing resilience and efficiency to supply chains, but also improve cyber security and IT network management.

“As a result, companies and logistics providers will reconfigure their supply chains around predictive and prescriptive models such as smart contracts and distributed ledgers. It’s a big shift to a model supply chain,” said Cisco.

Reassessment of AI use cases

Companies will start reassessing AI business use cases in 2023.

AI needs to deliver rapid productivity gains to prove its worth, said Shaun McGirr, regional vice president of AI strategy for Europe, the Middle East and Africa at New York-based AI company Dataiku. I’m here.

“Economic volatility will force companies to reassess the value of their AI initiatives and will force them to turn to experts and focus on building real, lasting and scalable impact. I guess.”

By 2025, without sustainable practices, AI will consume more energy than human labor, significantly offsetting carbon-zero outcomes, Gartner predicts.

Environmentally friendly data center design

Green design has been a hot topic for years when it comes to data centers that offer cloud storage to their customers.

“Data centers consume 1-2% of the world’s electricity, and these are growing exponentially. [power] Pricing will have a significant knock-on effect next year,” said James Petter, vice president and international general manager of Pure Storage, a publicly traded US technology company.

“we will [also] Discover creative ways to use the heat your data center produces, whether it’s repurposed as another renewable energy source or for an innovative side project. ”

Prioritize data sovereignty

Protecting data sovereignty and offering customized solutions for different geographies are high on the agendas of cloud providers such as Oracle, Amazon Web Services, Google, and Microsoft.

Data sovereignty regulations require businesses to develop solutions that ensure compliance with national personal data privacy and security laws. Failure to comply with local regulations collecting, processing, or storing customer data can result in significant fines and other legal action.

quantum computing

Quantum computers will greatly accelerate computing speed and performance. They are expected to bring extraordinary advances in numerous industries including pharmaceutical development, nuclear energy, materials science, renewable energy, climate change mitigation, sustainable agriculture, and more.

The world’s largest economies, such as the United States, Russia, China, and Japan, and IT giants IBM, Alibaba, Google, and Microsoft, are vying for supremacy in this area. Companies such as Visa, JP Morgan, and Volkswagen are also experimenting with early-stage quantum technology.

Updated: December 29, 2022, 6:14 AM